Industrial Lead-Acid Battery Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the industrial lead-acid battery market and it is expected to grow by $ 3.61 bn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Industrial Lead-Acid Battery Market: Key Trends to impact market growth
The Growing number of microgrid installations is one of the key industrial lead-acid battery market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Industrial Lead-Acid Battery Market: Top Drivers to Boost Demand
The Rising focus on green telecom towers is one of the primary factors driving the growth of the industrial lead-acid battery market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Amara Raja Batteries Ltd., Coslight Technology International Group Co. Ltd. and Crown Battery Manufacturing Co. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amara Raja Batteries Ltd., Coslight Technology International Group Co. Ltd., Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., HBL Power Systems Ltd., Leoch International Technology Ltd., Panasonic Corp., and The Furukawa Battery Co. Ltd. are some of the major market participants.
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Industrial Lead-Acid Battery Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the global industrial lead-acid battery market and it is expected to grow by $ 3.61 billion, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Industrial Lead-Acid Battery Market: Segmentation by Type
Flooded lead-acid (FLA) batteries are primarily used to ensure backup power supply to the telecom towers and renewable energy applications. Most solar PV-based telecom tower installations use FLA batteries due to the relative cost advantage they offer. However, this segment will be the slow-growing segment during 2020-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial lead-acid battery market size.
Industrial Lead-Acid Battery Market: Segmentation by Geography
APAC was the largest Industrial Lead-Acid Battery Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 52% of the market growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for industrial lead-acid battery market in APAC. Market growth in this region will be faster than the growth of the market in Europe. The growing use of industrial lead-acid batteries in the renewable energy and industrial sectors will facilitate the industrial lead-acid battery market growth in APAC over the forecast period.
Industrial Lead-Acid Battery Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amara Raja Batteries Ltd., Coslight Technology International Group Co. Ltd. and Crown Battery Manufacturing Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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